Dáil Éireann Debate, Tuesday - 7 November 2023
399. Deputy Marian Harkin asked the Minister for Enterprise, Trade and Employment the number of new IDA-sponsored jobs, by county or by region, for the years 2016 to 2022, inclusive, in tabular form; and if he will make a statement on the matter. [47860/23]
View answer400. Deputy Marian Harkin asked the Minister for Enterprise, Trade and Employment the number of jobs lost in IDA-sponsored jobs, by county or by region, for the years 2016 to 2022, inclusive, in tabular form; and if he will make a statement on the matter. [47861/23]
View answerI propose to take Questions Nos. 399 and 400 together.
There were 32,426 new jobs created in Foreign Direct Investment (FDI) companies in Ireland in 2022, bringing the total number of people employed in the FDI sector in Ireland to over 300,000 for the first time, despite an increasingly challenging global economic environment. The 2022 figures continued the pattern of sustained, robust growth in FDI investment and FDI-related employment that has been achieved over a continuous period of more than ten years.
IDA Ireland continues to see a flow of business and there have been over 60 IDA investment announcements this year alone supporting over 6,500 new jobs. However, it is evident that the global economy faces significant economic headwinds including persistent global inflationary pressures, increased energy prices and rising interest rates, which have led to a decrease in consumer confidence and a more conservative outlook and has resulted in headcount reductions in some IDA client companies.
While any job losses are regrettable, the country is close to full employment with the most recent CSO data showing unemployment at 4.2% for September. Moreover, there is high demand for tech, marketing and other skills across all sectors, and there is a strong pipeline of new investments from overseas and within Ireland across a range of sectors.
The table below details the total number of new jobs created in IDA client companies, job losses and the net change, over the period 2016 to 2022. Information at a county and regional level is set out at the link below.
|
- |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
|
Number of Client Operations |
1,456 |
1,524 |
1,595 |
1,693 |
1,713 |
1,789 |
1,796 |
|
Total Jobs |
207,878 |
220,101 |
236,032 |
251,129 |
260,763 |
277,456 |
301,475 |
|
New Jobs Created (Gross Gains) |
21,391 |
23,376 |
26,082 |
25,634 |
23,376 |
34,159 |
32,426 |
|
Job Losses |
-7,201 |
-11,153 |
-10,151 |
-10,537 |
-13,742 |
-17,466 |
-8,407 |
|
Additional Jobs Created (Net Change) |
14,190 |
12,223 |
15,931 |
15,097 |
9,634 |
16,693 |
24,019 |
Data Source: Annual Employment Survey 2022, Department of Enterprise, Trade and Employment
